OPEN-SOURCE SCRIPT
Fibonacci Retracement [KTY]
[KTY] Fibonacci Retracement
Hi, I'm Kim Thank You 👋
KTY = Kim Thank You (김땡큐)
Automatically detects swing highs and lows to display Fibonacci retracement and extension levels.
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📊 FEATURES
- Auto-Detection
- Identifies swing highs and lows automatically
- Displays retracement levels: 0.236, 0.382, 0.5, 0.618, 0.786, 0.886
- Displays extension levels: 1.272, 1.414, 1.618, 2.0, 2.618
- Trend Direction
- Uptrend: Measures retracement from high
- Downtrend: Measures retracement from low
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✅ HOW TO USE
- Watch for support/resistance reactions at key Fibonacci levels
- Break of key level → Check for move to next level
- Golden ratio (0.618) is often the strongest level
- Confluence with other S/R levels increases reliability
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💡 TIPS
- Higher timeframe Fibonacci levels are more reliable
- Watch for price reaction + volume confirmation
- Use with trendlines or moving averages
- Multiple rejections at same level = stronger zone
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⚠️ DISCLAIMER
This indicator is for educational purposes only.
Not financial advice. Always do your own research.
Hi, I'm Kim Thank You 👋
KTY = Kim Thank You (김땡큐)
Automatically detects swing highs and lows to display Fibonacci retracement and extension levels.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
📊 FEATURES
- Auto-Detection
- Identifies swing highs and lows automatically
- Displays retracement levels: 0.236, 0.382, 0.5, 0.618, 0.786, 0.886
- Displays extension levels: 1.272, 1.414, 1.618, 2.0, 2.618
- Trend Direction
- Uptrend: Measures retracement from high
- Downtrend: Measures retracement from low
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
✅ HOW TO USE
- Watch for support/resistance reactions at key Fibonacci levels
- Break of key level → Check for move to next level
- Golden ratio (0.618) is often the strongest level
- Confluence with other S/R levels increases reliability
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
💡 TIPS
- Higher timeframe Fibonacci levels are more reliable
- Watch for price reaction + volume confirmation
- Use with trendlines or moving averages
- Multiple rejections at same level = stronger zone
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
⚠️ DISCLAIMER
This indicator is for educational purposes only.
Not financial advice. Always do your own research.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Hi, I'm Kim Thank You 👋
KTY = Kim Thank You (김땡큐)
After years of trading, I've studied countless technical analysis methods.
Now I create and share indicators based on that experience 📊
KTY = Kim Thank You (김땡큐)
After years of trading, I've studied countless technical analysis methods.
Now I create and share indicators based on that experience 📊
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Hi, I'm Kim Thank You 👋
KTY = Kim Thank You (김땡큐)
After years of trading, I've studied countless technical analysis methods.
Now I create and share indicators based on that experience 📊
KTY = Kim Thank You (김땡큐)
After years of trading, I've studied countless technical analysis methods.
Now I create and share indicators based on that experience 📊
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.